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of flying after boeing runs into even more trouble with the dreamliner. then there is fear of the flu. it is spreading coast-to-coast like -- well, like the flu. but since we're cnbc, we have found ways to profit. the fear of earning season. alcoa kicks it all off later today right after the bell. meantime let's get things started with sue at the nyse. >> breaking news, there's another problem with boeing 787. phil lebeau live in chicago. >> reporter: take you to boston. at the airport reports of responding to a fuel leak of a japan airlines flight that was scheduled to take off from boston to tokyo. as we take a look at shares of boeing, let's point out we have not confirmed this is a 787 dreamliner but that's the type of aircraft flying between boston and tokyo for japan airlines. again, this would be a fuel leak with an engine completely separate if it is a dreamliner from what happened yesterday. the reason we showed you shares of boeing over the last couple of days, this stock has been pummeled, down 4% over the last couple of days. in part because a lot of people have headline r
is it for boeing? how much damage will the recent run of problems for the so-called dream liner due to boeing and company shares. three questions this hour. three answers. sue? full of answers, live as always at nyse. >> i hope so, ty. we will start with a question. will jacob be the next nominee? john harwood confirming he will be nominated to replace outgoing secretary of treasury tim geithner. but can he get through the senate? that the question. john is here in new york with perspective on that. what do you think, john? >> yes, he can. he is liked across the political spectrum. he is an effective liberal serving tip o'neill in the past. but we know that second term cabinet are beginning to fall into place. we have had the national security members of the team named in the last few days but now jack lew will be named, we expect tomorrow, to replace tim geithner who has been wanting to leave for some time. here is what president obama gets, someone with vast experience in handling capitol hill and dealing with budget negotiations. he's been a part of almost lever r every big budget negotiat
. michelle caruso-cabrera. meanwhile, boeing hit with a double whammy today. a fuel leak grounding another 787 dreamliner. as officials investigate what sparked yesterday's fire on a different dreamliner. we'll talk about boeing's future next, and then a mysterious case of a man dying from cyanide poisoning. get this. he died right after winning the lottery. details of this bizarre story. stay with us. [ male announcer ] count the number of buttons in your car. now count the number of buttons on your tablet. isn't it time the automobile advanced? introducing cue in the all-new cadillac xts. the simplicity of a tablet has come to your car. ♪ the all-new cadillac xts has arrived. and it's bringing the future forward. thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unli
a wake-up call for boeing as its dreamliner problems continue. in today's cover story, plugging into the consumer electronics show. what new technologies are turning heads this year. is the housing market setting up for a breakout year? revealing the truth behind anti-virus software. why the protection may still leave you at risk. and, earnings season kicks off. what traders are watching. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, january the 9th. i'm angela miles. in today's first look: alcoa turns a profit. the first dow component to report in the fresh earnings season posted a profit of $242 million despite weak prices for aluminum. the sell-off in the market continues. the major indicies all fell yesterday. telecom stocks were among the biggest losers. gold rallied, while oil flatlined. president obama is expected to soon name his next treasury secretary. white house chief of staff jack lew is said to be high on the list. the irs will accept 2012 tax returns starting january
exchange. nicole: i could always use a good start. let's take a look at boeing in particular. still down for the week. you may remember over the last two days we have covered boeing and the 787. liner. not good news. we have seen the stock selling off. today making a little bit of a comeback. up about 3%. they had a fuel leak and an electrical fire. you do have one analyst touting the stock while others are saying get on the sidelines and take a breather on this one. back to you. melissa: thank you so much. fox business stock alert. shares of gm hitting a 52 week high. the automaker is doing "internal plumbing" to become more profitable. lori: toyota is the world's largest automaker in the last year. it is tough. melissa: morgan stanley said to weigh out more than 3000 workers. charlie gasparino all over this. we will talk to him about this coming up next. lori: take a look at the dollar. stronger across the board today. we are back after this. ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn
of aidentifying. the head of aig, show bob benmosche here exclusively on the other side of the break and boeing says it has extreme confidence in the 787 dreamliner. how safe are they following the string of recent mishaps? top industry experts will join me. stay with us on the "closing bell." ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the opti
to where the growth is, and a sign that margins may face more pressure? >> yet another setback for boeing and the 787. canceling a domestic flight after a computer erroneously signaled a brake problem. >> clearwire gets a bid. dish network offers 3.30 a share above sprint's offers. david faber has the details on this story. sending sprint lower in pre-market trade. >>> results from alcoa last night, rising in the pre-market after reporting fourth-quarter profits in line with estimates. revenues above forecasts. alcoa says it sees aluminum demand growth ul 7% this year. the previous forecast, jim, 6 to 6.50. not bad if you're looking for something global out of 2013. >> what europe taketh away china giveth. the ceo has really spent a huge amount in china. whether it be for autos, aerospace, whether it be for trucks, are so bullish, that they can offset whatever's happening around the world globally. remember, there's two components to alcoa. there's also the raw stuff which he said inventory is getting in balance. that's very important. and you've got the packaging, industrial, constructio
on the stands and culture of the swiss bank. >>> then we'll head to detroit for the latest on boeing after fuel leaks and a fire involving their 787 dreamliners and a boston airport. >> and oil, as well. >>> asia demand is growing, the oil price may act as a break in the world economy. the energy revolution will have a global impact in oil flows toward asia. and the global shift is underpinned by huge energy investments. we are going to be talking about u.s. energy. >> yeah -- exactly. we're also seeing reports about how u.s. oil import will be at the lowest in 25 years. there is a change afoot. >> i guess that's what the iea head is saying, asia is going to take more of the u.s. demand. >>> to earnings. yes, alcoa swung to a fourth quarter profit matching forecasts. results were helped by stabilizing raw aluminum prices. higher prices and cost cutting. revenues down 1.5% to $5.9 billion. that did beat estimates. alcoa is also slightly boosting its 2013 global demand forecast from 6.5% to 7%. kleinfeld says growth in china is coming back and europe is doing better than expected. the stock up 1.
points now. boeing down 3%, caterpillar, verizon weighing on the dow jones industrials. awaiting on alcoa to be the first to report the earning season, and, affect, so many names we are watching closely, however, right now, we are certainly right near the lows of the day, and the nasdaq down after a percent like the s&p 500. i want to take a look at the retailer, sears, in particular, which we tack about the sales over the season. holiday season, which was not as bad as some of the analysts expected, and now there's a change at top, the ceo stepping down because the family medical issues, and now the chairman's going to be stepping into that ceo role. analysts, of course, follow the company closely with the stock down 5% right now. back to you. melissa: any cole, thank you. eia cutting oil demand growth forecast today raising the u.s. crude price estimates about a dollar a barrel for this year for the impact on the price of crude today, going to the pits of the cme, phil flynn, there in the pits, what do you think of the estimates? >> you know, i think it's great news. you know, not only
to get to it on boeing. phil, over to you. >> we've heard from the ntsb, expecting an update from them. they have at least an initial report regarding the fire investigation of that 77 dreamliner in boston yesterday. the ntsb saying that they have decided they are going to send two more investigators to look at the dreamliner in question and that at least initially taking a look at the fire in question they found severe fire damage to the battery of the auxiliary power unit. remember, the auxiliary power unit is what is used to provide power to an airplane when it is parked on the tarmac, not while it's in flight so the battery unit, severe fire kagge there, and it's pretty clear, scott and maria, that we are going to see more airlines, if they haven't already, they are going to start checking their wiring on the battery unit. i just spoke with the folks out of ana in japan. they have a number of dreamliners, checked theirs overnight at the urging of the ministry of transportation in j.i just talked with united airlines. it has checked the battery power wiring on all of its dreamliners
in the music industry, 50 cent. and breaking news regarding boeing. they had problems yesterday, of course today's problem with the fuel leak, you can see these problems are taking a toll on shares of boeing, which are dropping, but also the news of united airlines. the same place affair took place in the japan airlines, the airline according to reuters found improperly installed wiring in electrical proponent associated with celery power unit that this is what the "wall street journal" is reporting, this is also coming from reute reuters, but the ntsb according to the "wall street journal" is reporting that the japan airlines boeing 78 787 suffered severe damage. liz claman standing by in las vegas for the latest on 50 cent and the power players. how are you doing? liz: we are doing so well, we're iweare in the south hall right . if you look around, this is the area they do a lot of audio. the big crowds everywhere, all different kinds of companies, some very well-known, all day long we are absolutely going to be bringing you the guests, the real entrepreneurial spirit. 1.8 million square
stocks lower for a second straight session. adding to the dow's losses, a big drop in boeing shares. we'll have more on that in tonight's "market focus." the dow fell 55 points, the nasdaq lost seven, the s&p was down nearly five points. happening with the new government being there. europe -- in fact, i think it is a surprise for many because it is muddling through, and it will probably continue to muddle through for a while. but it has been muddling through okay. one of the indicators that always use is italy interest rates, and the 10-year bond rates. the beginning of last year, almost 7%. end of last year, 4 and change. and the u.s. -- we have seen some growth in the u.s. last year, and we believe we have, if we avoid to hit the fiscal ceiling, the debt ceiling -- if we avoid that, we have it in our hands, and we can generate positive growth. we are seeing some good indications in the markets that have pretty much the debt here in the u.s. the building and construction market. for four years it has been dead. now suddenly we see it is coming back to life. this will only be coming ba
on the runway. no, not "america's top model." boeing, a series of problems with dreamliners. and u.s. equity futures pointing to a positive start to wall street. it's january 9, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew sorkin. i can't talk today. shares of alcoa getting a boost after the company's quarterly report. fourth quarter earnings matching expectations. revenue did come in better than the street was expecting. the country's largest aluminum producer says that it is cautiously optimistic that demand for the metal will continue to grow in 2013. among the catalysts, they're looking at strong sales to aerospace and construction customers. alcoa executives are keeping a cautious tone as worries linger about the budget battles in washington. >> you look at the businesses, you actually see that the endowment dow stream businesses are hitting new records profitabilities. another quarter of that and record year. that's great. when you look t upstream where it's basically about the c
for the possibility of a shooting at school. >>> they are looking at problems for the boeing 747 dreamliner. that is after a fuel leak and a battery for them caught fire. it happened in the bay area and it will make its first boeing 747 flight between san jose and tokyo on friday. >> all right, pam, let's see at is happening on the roads and sal you are looking at the 0 toll plaza? >> yes, it starts to get busier and you can see traffic is moving along pretty well, there may be a small delay in some of the those outside cash lanes but that's about it. also the interstate 880 looks good southbound traffic is moving nicely and through the mcarthur maze area, there are no major problems if you are driving on the san mateo or dumbarton bridge. 5:38 let's go to steve. >>> we are getting ready and forecast is not until late tonight into friday just so you know, freeze warnings have been posted in advance of this system. lows tomorrow, if the winds die down, there is no doubt about it and showers possible tomorrow. this system does not have a lot of moisture to work with. already freeze warnings l
in the last hour. boeing, it is moving higher by about 3%. this after it fell yesterday after concerns of an incident with a 787. boeing today moving up. and executive coming out with some comments saying that these problems are typical. it is really no big deal. we reassure you everything is under control. hewlett-packard is moving. that stock has surprised a lot of people over the past seven-ten trading sessions. moving higher today. no dow we will ask paul otellini about their relationship going forward. the losers today, bank of america. down about 3%. a price target of about $12. newmont mining falling about 2%. gold is also moving lower. netflix is falling by about 2%. bank of america reiterating it under perform rating. back now live to las vegas. i wanted to point this out to you. this area used to be microsoft. last year, microsoft for the first time, pulled out a ctf. guess what, a chinese company moved right in. they snapped up the property. every single inch of it. this stuff is expensive. intel never left. here is intel's booth. this is called the altar book tree. i am joi
. first is aerospace. by now, we've all seen the stories about boeing's troubled dream liner, nothing like genuine footage of smoking planes to get your attention. but did you know globally there are 8,900 orders for new planes? did you know that airline companies are the most solvent they've ever been and desperately need more planes than they're ordering now? do you know there's financing galore to make that happen? that's new too. did you know airplane demand from business and regional jets are increasing by 12% and 22% respectively year-over-year or air travel could go up 4% this year. did you know that? as we learned in the aerospace line of claus kleinfeld's speech, or his conference call last night at alcoa. how do we invest in this theme? the most obvious idea is boeing, which has passed airbus in orders and is the premiere manufacturer in this country if not the world. i'm afraid he has footage of a troubled dream liner. we saw billions in market capitalization taken away these last couple of days because of a couple of defects in a small number of planes. and this is a big but, t
. >>> there are some concerns about boeing's state-of-the-art 787 dreamliner after two mishaps involving the passenger planes in boston this week. the latest was yesterday when a japan airlines jet leaked fuel while taxiing at logan international airport. it followed an electrical fire on another plane monday after passengers disembarked following a flight from tokyo. but cbs aviation analyst captain chesley sullenberger says it's too soon to judge the new plane. >> no matter how much testing you do there are some things that are inevitably discovered during the real world of operational flying. >> the 787 dreamliner will make its bay area debut friday at mineta when all nippon airways launches its service between san jose and tokyo. >>> parking spaces are being taken over. >> coming up, why restaurants in one bay area city will start spilling into the streets. >> and how a certain kind of soda could be linked to depression. that and more coming up. >> so what's cool about your school? we know there's something. you can submit your nominations on our
management and reorganization. where's oracle when you need it? can you believe boeing's done nothing? next to nothing. plus 2.7% is next to nothing. despite its new product cycle, the dreamliner series, a tripling of that gain could be reasonable this year. i expect a terrific quarter, the first of many, though my trust likes united tech as a better play in the new worldwide aerospace cycles. i see boeing going to the mid 80s. chevron getting the edge for certain courtesy of its stronger production growth. my charitable keeps buying that one. can alcoa repeat that miserable performance? alcoa will be helped only by the hideous expectations it has set for itself. a very low bar made of aluminum keeps it from advancing to the low teens. you want the best dog in the kennel? caterpillar. cat is the best dog. everyone seems to recognize it is undervalued after yesterday's sterling performance. this plus it is one of the great china plays, but it lost 1.1% last year after having to revise its bullish forecast downward. my charitable trust is betting it could go up at least 10%. the last time cat
market has been going up. i don't think it is measure everything boeing into the stock market. mutual fund numbers can be somewhat deceptive sometimes. i think the market needs to show positive performance before the fun numbers start to look better but i don't think it necessarily needs it. certainly didn't in 2012. sandra: john, i want to ask you about the commodities you just mentioned. looking at gold prices. we've seen some interesting movement there. they have been underperforming stocks to start off the year. i spoke to george girl row the over at rbc today. he says he believes we'll turn back to the basics. the commodity market will focus on the weak dollar which tends to boost commodities. it will focus on the low interest rate environment and we'll see a pop in these commodities again. is that your play? >> gold is special. i think, don't think of gold as a commodity. think of it as a currency. i think that is what the world's fourth or fifth currency, it will gain more popularity. everyone wants to deflate their currency. other commodities we need a stronger economy. could
beau report, you watch the stock shrink as you see the smoke coming. boeing is one of the best-run companies in the world, would i fly this thing. but the technology of a new plane obviously challenged. >> interesting. >> we've had gordon bethune, he calls it a teething problem. which i guess happens with every new model. just rarely on such a public scale, right? this is an operation now. >> you need some gripe water. >> it still works. >> i don't know if you ever used that. that's a way to be able to -- when the kids don't feel well, teething problem. but i will point out, it may be a teething problem, but there's not been a cancellation of orders so to speak. but there was another united air, going to airbus, i've been saying the way to play the aerospace plays, is to go with the united technology. if one wins, and the other loses, it's just safer. >> a couple of points off a 52-week high here. do you switch over to others? >> i agree. there was a little note underneath us, like right there, oh, like a jimmy kimmel thing. it was the most exciting thing to happen in the game last night. we
reflected in shares of boeing which has ticked lower since these reports came out. there was a fire this morning on a 787 dreamliner parked at logan airport in boston. it is our understanding according to information we're getting out of boston that the fire has been put out. there were no passengers, no crew on the plane. what's unclear is what started this fire, whether it was something electrical, the plane, if there was something else. we've got a call into boeing to get more details. all we heard from boeing is they're going to be looking into these reports. so they're getting this information as quickly as we're getting this information. but the important thing to keep in mind here, carl, is that this is the fourth incident regarding a dreamliner. remember, we had the two reports from united of dream liners losing some power, some degree of power while in flight and then also a similar report regarding the first flight going over the qatar airways over doha. so now we have a report out of boston of a fire at logan airport on a 787 dreamliner, parked at a gate, no passengers, n
, some turbulence hits boeing after a fire breaks out on a parked plane. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. when you spend $50 on hp ink. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >>> welcome back to "squawk box," everyone. in our headlines this morning, one of the few companies in the world to give apple a run for its money says that it will rep
continue for boeing's new 787 dreamliner today. an all nippon flight in japan was canceled because of a computer error. it is the third incident in just this week. yesterday a japan airlines jet leaked fuel while taxiing at logan international airport out in boston. it followed an electrical fire on another plane on monday. after passengers disembarked following a flight from tokyo. but cbs aviation analyst captain chesley sullenberger says it is just too soon to judge the new plane. >> no matter how much testing you do, there are some things that, unfortunately, are inevitably discovered during the real world of operational airline flying. >> 787 dreamliner will make its bay area debut friday at san jose's mineta international airport when all nippon airways launches its nonstop services between san jose and tokyo. >>> some new allegations against fallen cyclist lance armstrong. the nation's anti-doping agency says one of his spokesmen actually tried to donate a quarter of a million dollars to them. the agency's chief telling "60 minutes" that
th quarter earnings. on wall street, the dow was down 55, and the nasdaq down 57. shares of boeing dropped 3.6% today after another problem on one of its 787 dream liners. officials reported a fuel leak on a japan airline 787. just yesterday, a fire broke out in the belly of a different 787 dream liner that had just arrived from tokyo. the cabin filled with smoke just minutes after passengers got off the plane. >>> they're a big hit in san francisco. now more so-called curb cafes are coming to san jose. city leaders approved the pilot program today allowing restaurants to expand onto sidewalks and build patios for outdoor seatings. the restaurant vs to pay about $20,000 to widen the sidewalks. they like the idea of bringing european flare to the south bay. >> it has the energy of chicago but doesn't have the density of it. >> if this pilot program is a success, the city's expected to open a city-wide application process for more curb cafes next year. >>> a twist of political theater today in the swearing in of new san francisco supervisors. ahead in three minutes, the sudden turnar
future. federal officials are checking smoke that was coming from a boeing 787 jet on the ground in boston. and the mighty mississippippi is flowing again with barges. larry levin of trading advantage is among the many traders awaiting earnings coming from alcoa after the close. good morning to you, and what is your expectation? > > i definitely think that we are going to see the market at least move higher on the earnings that we get out as we go into later today. i think traders really- i don't want to say have got inside information, but have got a pretty good idea. yesterday we kind of saw a little bit of a sell-off in the morning and then really kind of recovered. so i think traders really kind of got in front of that feeling that the earnings season is going to get off to a good start. > i have been really surprised about how dry the options paper has been on alcoa going into the earnings tonight. that has been a big surprise. let's move on to the debt threat. a lot of lawmakers, of course, talking about the debt ceiling. does this threaten what's happening with the stock
to tell you why. then, the boeing dreamliner turning into a nightmare for the company as the safety issues keep piling up. an aviation safety expert is here to discuss if we're putting too much technology in our planes. we're going to explain. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer through
a nightmare of a week for the dreamliner. the faa is investigating two recent problems with the boeing 787. that's afternoon a -- after a fuel leak from boston yesterday and in a separate incident on monday, a batpry for one of the plane -- battery for one of the planes caught fire. the investigation begins days before the first dreamliner flight from the bay area. they are scheduled to have the plane here leave san jose and fly to tokyo. >>> the big announcement involving barry bonds expect in the three hours from now. we're about to find out if baseball's all-time home run king has been voted into the hall of fame. ktvu's tara moriarty joining us live from san francisco. you've been on this since 4:this morning. tell us more -- 4:30 this morning. tell us more about the controversy and the vote. >> reporter: the vote seems split. some experts say bonds should be in. others are saying he has three strikes against him, sportsmanship, integrity and character, those are all things players are judged on. today, baseball writers will have to weigh in on the fate of three very prominent players.
Search Results 0 to 31 of about 32 (some duplicates have been removed)

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